Citigroup reveals that female employees earn 29% less than men do. For its U.S. workforce, people of color earn 7% less than their white colleagues
- Bank is first in U.S. to publish ‘unadjusted’ gender pay gap
- ‘We should obviously be at 100 percent parity,’ bank says
Citigroup Inc. offered an uncharacteristically blunt assessment of the pay gap between men and women in its global workforce Wednesday, revealing that female employees earn 29 percent less than men do.
The disclosure — a comparison of median total compensation — offers a more complete picture of pay, compared with the figures Citigroup and other big banks released last year under pressure from shareholders in the U.S. and regulators in the U.K.